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ADP: Labor Market Roars With 190,000 Job Gains

The U.S. economy drummed up another solid month of job creation in November, as employers across the country generated 190,000 new jobs, according to the latest ADP National Employment Report.

November's job total dipped slightly from October's 235,000, though that was to be expected with October considered an overcorrection after hurricanes walloped the southern U.S. in August and September.

"Hard to find any problems in the job market," Mark Zandi, chief economist at Moody's Analytics, told reporters during a conference call on Wednesday. "Let's enjoy it. The numbers are good. The job market is rip-roaring."

Service-providing outfits tacked on 155,000 additions last month, with 31,000 gains going to health care and social assistance professions and another 47,000 to professional and business services.

Goods producers, meanwhile, accounted for 36,000 gains on net. The manufacturing industry actually managed 40,000 additions, but those gains were offset by a loss of 4,000 construction jobs and a stagnant natural resources and mining sector.

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